To predict the amount of money the company will spend in 2017, we need to substitute x = 2017 into the function f(x) = 1.579x - 2967:
f(2017) = 1.579(2017) - 2967
= 3181.843 - 2967
= 214.843
Therefore, the company is predicted to spend approximately $214.843 billion in 2017.
A large pharmaceutical company uses the function f(x)=1.579x - 2967 to model the amount of money, in billions of dollars, it spends each year on research and development, where x corresponds to the year. Use the function to predict the amount of money it will spend in 2017
1 answer
1 answer